profitman replied to the topic Sharing Tips- in the forum General Property 19 years, 7 months ago
[rolleyesanim] Tip
Never believe all that you read especially when it comes to property investing.profitman replied to the topic Where to now? Any tips? in the forum No Subject 19 years, 7 months ago
I think I would refinance the Melbourne IP to a line of credit loan to its maximum debt ratio. Then I would purchase the 2nd IP for cash, if I had to contribute my 30k to complete the purchase then thats ok.Next I would get a construction loan to build the 12sq unit.This loan would be drip fed as the construction progresses.Once it is completed I…[Read more]